Satellogic Inc. (NASDAQ:SATL) Receives $8.90 Average Price Target from Brokerages

Satellogic Inc. (NASDAQ:SATL) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $8.90.

Several analysts have weighed in on SATL shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Satellogic in a research report on Friday, August 7th. Cantor Fitzgerald cut their target price on shares of Satellogic from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Freedom Capital raised shares of Satellogic from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 29th. Wall Street Zen lowered shares of Satellogic from a “hold” rating to a “sell” rating in a report on Saturday, July 25th. Finally, Roth Capital reissued a “buy” rating on shares of Satellogic in a research report on Thursday, August 6th.

Satellogic Stock Performance

NASDAQ SATL opened at $5.07 on Wednesday. The company has a 50-day simple moving average of $4.69 and a two-hundred day simple moving average of $5.75. Satellogic has a 12-month low of $1.25 and a 12-month high of $12.00. The firm has a market cap of $779.46 million, a price-to-earnings ratio of -6.18 and a beta of 1.36. The company has a quick ratio of 2.31, a current ratio of 2.34 and a debt-to-equity ratio of 2.65.

Satellogic (NASDAQ:SATL) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.10). The company had revenue of $15.92 million during the quarter, compared to analysts’ expectations of $9.57 million. Satellogic had a positive return on equity of 303.84% and a negative net margin of 325.65%. On average, equities analysts forecast that Satellogic will post -0.02 EPS for the current year.

Institutional Trading of Satellogic

A number of institutional investors have recently modified their holdings of SATL. Royal Bank of Canada grew its position in shares of Satellogic by 4,052.9% in the 1st quarter. Royal Bank of Canada now owns 417,033 shares of the company’s stock worth $2,269,000 after buying an additional 406,991 shares during the last quarter. Sei Investments Co. bought a new position in shares of Satellogic during the first quarter valued at approximately $1,607,000. Bank of New York Mellon Corp bought a new position in shares of Satellogic during the second quarter valued at approximately $1,278,000. Renaissance Technologies LLC purchased a new stake in Satellogic in the first quarter worth $6,463,000. Finally, Tema ETFs LLC purchased a new stake in Satellogic in the second quarter worth $8,640,000. 17.58% of the stock is currently owned by hedge funds and other institutional investors.

Satellogic Company Profile

Satellogic Inc (NASDAQ:SATL) is a geospatial intelligence company that designs, builds and operates a constellation of Earth-observation satellites. The company collects high-resolution multispectral imagery and other remote-sensing data intended to help customers monitor changes on the ground and make more informed decisions.

Satellogic provides satellite imagery, tasking and data-access services through its platform, which is designed to support frequent observation of locations worldwide.